Property profile

1500 Sawmill Rd Raleigh, NC 27615

OFF-MARKET
Office buildings
Property ID
US53-0907873
15,164 SF 26.58 ac lot Built 1984
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1984
Construction BRICK
Total area 15,164 SF
Lot 26.58 ac (1,157,825 SF)
Zoning code R-10
APN 0797.11-66-1811 0125570
UPID US53-0907873

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Retirement Community
  • Physician
  • Physician
  • Geriatric Care Provider
  • Property Management Company Retirement Home

Location

1500 Sawmill Rd Raleigh, NC 27615-4320
Raleigh metro Census 53722 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.27M
Comparable Approach Comparable
$3.59M
Blend (final) Blend
$3.62M

Owner & transaction history

since 2021
4 recorded transactions
2021
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R-10 · Raleigh, NC
Zoning description

R-10. F. Density, Lot Area per Dwelling Unit, and Site Area per Dwelling Unit Residential density, where applicable, is expressed in units per acre and is calculated by dividing the total number of dwelling units by the…

General category RESIDENTIAL
Top alternative use upside
Retail stores $6.0M +108.7%
Commercial (general) $4.9M +72.2%
Medical building $4.8M +67.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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